Landbay announces rate cuts on over 50 products

Buy-to-let lender, Landbay, has announced a series of rate cuts across its Premier range, including a 40bps reduction on its 75% LTV two-year fixed rate products, in addition to cuts across its small HMO, remortgage, and five-year fixed rate options.

The changes see rates cut on over 50 products within the Premier range, with price reductions ranging between 15 and 40bps. 

The largest reductions have been applied to Landbay's Premier 75% LTV two-year fixed rate range, where rates across 10 products have been reduced by 40 basis points. Following the changes, rates now start from 3.39% with a 5% fee to 5.89% for a zero-fee option.

Alongside these cuts, the lender has reduced rates on its four 75% LTV small HMO two-year fixes by 30bps, with products now starting from 4.59% with a 3% fee and 5.59% with no fee.

23 remortgage five-year fixes, which include a free valuation, have had rates cut by up to 20bps, down to 4.62% with a 5% fee and 5.64% with no fee.

Landbay has also cut rates by 15bps across 21 five-year fixed 75% LTV products, which cover standard purchase, remortgage, product transfer and small HMO. Selected products include a 4.59% deal with a 5% fee and a 5.62% with no fee.

Rob Stanton, sales and distribution director at Landbay (pictured), said: “These latest changes represent a significant enhancement to our Premier range and provide brokers with even more competitively-priced options across a broad range of landlord requirements.

“While the headline reduction is the 40 basis point cut to our 75% LTV two-year fixed rate products, we have also made meaningful reductions across our small HMO, remortgage and five-year fixed rate ranges. This ensures advisers can access strong pricing whether they are supporting purchase, remortgage, product transfer or specialist property cases.

“Our focus remains on providing brokers with choice, flexibility and value. By making reductions across more than 50 products, we are seeking to support advisers and their landlord clients with a comprehensive range that remains competitive across multiple sectors of the buy-to-let market.”